5 Stocks Dragging The Services Sector Downward

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 58 points (-0.4%) at 15,461 as of Wednesday, Aug. 7, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 785 issues advancing vs. 2,161 declining with 94 unchanged.

The Services sector currently sits down 0.7% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include Genpact ( G), down 7.5%, CH Robinson Worldwide ( CHRW), down 5.8%, Walt Disney ( DIS), down 1.9%, AutoZone ( AZO), down 1.8% and Magna International ( MGA), down 1.7%.

TheStreet would like to highlight 5 stocks pushing the sector lower today:

5. Bed Bath & Beyond ( BBBY) is one of the companies pushing the Services sector lower today. As of noon trading, Bed Bath & Beyond is down $1.30 (-1.7%) to $76.28 on light volume. Thus far, 553,831 shares of Bed Bath & Beyond exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $76.01-$77.43 after having opened the day at $77.38 as compared to the previous trading day's close of $77.58.

Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. Bed Bath & Beyond has a market cap of $17.0 billion and is part of the retail industry. Shares are up 39.8% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Bed Bath & Beyond a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Bed Bath & Beyond as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Bed Bath & Beyond Ratings Report now.

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